| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $51M | $48M | 4.4% | 12.2% |
| Op. Income | $31M | $29M | $29M | 7.5% | 7.5% |
| Gross Margin | 95.7% | 93.3% | 96.5% | 2.4pp | -0.8pp |
| Net Margin | 49.2% | 17.0% | 30.2% | 32.2pp | 19.0pp |
| EPS (Diluted) | $0.23 | $0.08 | $0.05 | 193.6% | 378.4% |
| Free Cash Flow | $41M | $42M | $32M | -3.6% | 27.9% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $14M |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $31M |
| Interest Income | $6M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $13M |
| EBIT | $35M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $14M |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $31M |
| Interest Income | $6M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $13M |
| EBIT | $35M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$34M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $316M |
| NET CASH FROM FINANCING | $284M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $291M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $0 |
| Net Receivables | $395.0K |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $310M |
| PP&E (Net) | $1.6B |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $195M |
| Tax Assets | -$1.8B |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $596M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $596M |
| TOTAL LIABILITIES | $666M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$468M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$468M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $2M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $596M |
| Net Debt | $301M |
